– EU set to increase next budget to £1.25 TRILLION with new rules to CUT OFF rebel members:
BRUSSELS chiefs are considering increasing the EU’s seven-year budget to £1.1TRILLION (€1.25trn) in a bid to plug the spending blackhole after Brexit as the bloc counts the cost of life without Britain.
Jean-Claude Juncker, the president of the European Commission, today unveiled his masterplan to prop-up the ailing bloc in the wake of the UK’s departure.
Bureaucrats have published the first draft Multiannual Financial Framework, which will run from 2021 to 2027 – the first directly affected by Brexit – and it is thought the loss of the UK’s contribution will have a major impact on the scope of the EU’s spending power from 2021.
Read moreEU set to increase next budget to £1.25 TRILLION with new rules to CUT OFF rebel members